Dropbox Inc. (NASDAQ:DBX) previous close was $23.45 while the outstanding shares total 414.10M. The firm DBX’s shares traded lower over the last trading session, losing -4.07% on 02/22/21. The shares fell to a low of $22.35 before closing at $22.50. Intraday shares traded counted 14.5 million, which was -98.36% lower than its 30-day average trading volume of 7.31M. The stock’s Relative Strength Index (RSI) is 43.33, with weekly volatility at 4.08% and ATR at 1.01. The DBX stock’s 52-week price range has touched low of $14.55 and a $25.70 high.
Investors have identified the Software – Infrastructure company Dropbox Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $9.67 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Dropbox Inc. (DBX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.23 billion total, with 1.09 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.53 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on DBX sounds very interesting.
Is the stock of DBX attractive?
In related news, Chief Financial Officer, Regan Timothy sold 1,941 shares of the company’s stock in a transaction that recorded on Jan 27. The sale was performed at an average price of 23.95, for a total value of 46,487. As the sale deal closes, the Chief Financial Officer, Regan Timothy now sold 1,608 shares of the company’s stock, valued at 35,858. Also, Chief Legal Officer, Volkmer Bart sold 10,000 shares of the company’s stock in a deal that was recorded on Jan 11. The shares were price at an average price of 23.34 per share, with a total market value of 233,355. Following this completion of acquisition, the Chief Financial Officer, Regan Timothy now holds 970 shares of the company’s stock, valued at 21,825. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.
9 out of 14 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Dropbox Inc.. 0 analysts has assigned a Sell rating on the DBX stock. The 12-month mean consensus price target for the company’s shares has been set at $28.88.